David Viniar News

Talk about a dream deferred. In 2008, during the depths of the financial crisis, when Lehman Brothers had just gone bust and public anger at Wall Street's profligacy seethed unabated, Goldman Sachs did something smart: Its senior partners declined to take cash bonuses and instead took stock

In a testy exchange at today's Senate grilling of Goldman Sachs executives, Sen. Carl Levin, D-Mich., confronted a former Goldman trader with an e-mail in which another former Goldman executive described a mortgage-backed deal as "sh**ty." The transaction in question was Timberwolf Ltd., a $1

Goldman Sachs CEO Lloyd Blankfein will be among the chief executives set to appear tomorrow at the first public hearing of the Financial Crisis Inquiry Commission , and his firm will be back in the public crosshairs later this month when it announces what is expected to be a $20 billion-plus

At a time when many financial firms are shying away from risk, Goldman Sachs gs is betting the other way — and it's paying off. On Tuesday, the Wall Street bank reported a 65% increase in second-quarter earnings to $3.4 billion, as revenue jumped 46% to a record $13.8 billion. "This environment is

Clem Lane here. Well the House wants those bonuses back-we'll see if the Senate agrees and in what fashion. Here's today's news: AIG/HOUSE BONUS BILL/WHOSE LOOPHOLE WAS IT?-We saw US House members tripping over each other trying to be madder...

Goldman Sachs gs CEO Lloyd Blankfein and six other top executives at the investment bank will not be receiving cash or stock bonuses for 2008, a spokesman says. The decision was made by the seven executives themselves, said spokesman Lucas Van Praag, and approved Sunday by the Wall Street firm's